Linklaters collaborates with MAS on tokenisation of capital market products

Linklaters has worked with the Monetary Authority of Singapore (MAS) on a strategic project to identify legal impediments and uncertainties relating to the tokenisation of financial assets in Singapore. This engagement supported MAS in its ongoing efforts to foster responsible innovation and the development of tokenised capital market products in Singapore.

Drawing on the firm’s financial regulatory and capital markets expertise, particularly in the fintech sector, Linklaters collaborated with MAS to explore in detail Singapore’s legal landscape, including both common law and the national legislative framework, and examined practical challenges faced by market participants.

This project also contributed to MAS’s most recent update to its Guide on the Tokenisation of Capital Market Products, further strengthening Singapore’s position as a leading fintech and digital asset hub.

Leveraging Linklaters’ global cross-practice and multi-jurisdictional expertise, the team referenced regulatory approaches to capital markets tokenisation in the European Union, United Kingdom, Germany, Luxembourg, Japan and Hong Kong SAR to inform its advice to the MAS. Led by partner Peiying Chua, key team members included partners, Evan Lam and Jonathan Horan, supported by partners Adrian Fisher, Andreas Dehio, Christian Storck, Harry Eddis, I-Ping Soong, Joel Seow, Kishore Bhindi, Michael Voisin, Motoyasu Fujita, Nicki Kayser, Raoul Heinen, Reem Alsayegh, Richard Hay and Sutthipong Koohasaneh.

Peiying Chua, Head of Singapore Financial Regulation and Asia Head of Fintech commented,

“Our collaboration with the Monetary Authority of Singapore exemplifies Linklaters’ collaborative approach, bringing together expertise from across practices and jurisdictions to serve client needs. By leveraging the breadth and depth of our global knowledge base, our team delivered forward-thinking and pragmatic recommendations to address identified impediments, supporting the evolution of digital finance in Singapore. We are honoured to work with the MAS on navigating a rapidly evolving digital landscape, underlining our commitment to driving key initiatives in digital assets and supporting innovation in capital markets worldwide.”

Linklaters’ market-leading multi-disciplinary team recently advised on the launch of the GL1 MI Toolkit to advance global financial infrastructure for tokenised assets.